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Cox & Kings defaults on Rs 174-cr commercial papers; second instance in four week's time
•On 1 July, Cox & Kings had said in a filing that company's working capital situation was stretched in the last few months,
Cox & Kings defaults on repayments on commercial papers fourth time in three weeks; shares at record low
•The first Cox & Kings default on commercial papers worth Rs 150 crore was declared on 27 June 2019, a day after the date of actual default
ICRA's re-rating of commercial papers not merit-based and unwarranted: DHFL
•Dewan Housing Finance Corporation Ltd (DHFL) on Wednesday expressed concerns over ICRA's re-rating of its commercial papers (CPs) citing it is not merit-based and is unwarranted
Retirement funds investing in IL&FS: IBC order of priority can’t be blamed for funds' folly and greed
Smurlidharan •In the light of the IL&FS fiasco, employees must also be asked to give their consent to bonds and commercial papers.
Top 50 NBFCs need Rs 70,000-cr in November to redeem commercial papers: Crisil report
•Commercial paper or CPs are short-term debt with one to three months maturity.
Cash-strapped IL&FS Financial Services declares 7 fresh defaults of Rs 395 cr
•IL&FS crisis: Eight charts present financials, other details of cash-strapped infrastructure conglomerate
Kishork123 •The IL&FS has come under the scanner of multiple regulators, including SEBI, for alleged defaults related to financial disclosures and corporate governance.
Root cause of NPAs is mega PSB loans: With funds distributed in dollops, reforms to sanctions will bode well for the sector
Muralidharan •Bank loans are not meant for big ticket borrowers and the government should shut the PSB doors to loans to big industrial houses.